| Phoenix, AZ - House Price Index (HPI) - 31 Year Chart |
| Phoenix Real Estate Market Forecast |
| 100 |
| 1000 |
The House Price Index (HPI) shows changes in Phoenix-Mesa-Glendale, AZ single family home
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28,
2012. See real estate forecasts, analysis, statistics and appreciation rates below.
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28,
2012. See real estate forecasts, analysis, statistics and appreciation rates below.
| Phoenix Real Estate Index: 31 Year Chart Home Values Appreciation Rate - US Cities |
| 10 |
Phoenix Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 13376
4th Quarter, 2012 Housing Statistics: Phoenix, Arizona
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 83%
Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Phoenix housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Phoenix is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Phoenix is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2013 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Phoenix Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 79%
The forecast for the trend in the Phoenix housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Phoenix is 79%. In other words, when tested against historical data, the
forecasting methodology was correct 79% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Phoenix is 79% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Phoenix Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Phoenix, Arizona
Historical Home Price Appreciation
Last Quarter 3.94%
Last Year 12.1%
Last 5 Years -38%
Last 10 Years 8%
Last 20 Years 85%
Decline From All Time High 42.12%
Annual Home Price Appreciation Rates
1983 0.87%
1984 6.79%
1985 5.85%
1986 3.91%
1987 -0.31%
1988 0.89%
1989 -1.34%
1990 -4.29%
1991 5.03%
1992 1.36%
1993 2.63%
1994 4.98%
1995 5.98%
1996 5.06%
1997 5.71%
1998 5.71%
1999 6.47%
2000 6.90%
2001 6.34%
2002 5.14%
2003 6.34%
2004 16.02%
2005 40.90%
2006 7.70%
2007 -6.10%
2008 -22.34%
2009 -16.63%
2010 -8.91%
2011 -6.74%
2012 12.05%
Real Estate Appreciation, Rank & Percentile
Last Quarter 3.94% Rank: 4 of 381 (99th Percentile)
Last Year . . . . . . . . . . . . . . . . 12.1% Rank: 2 of 381 (99th Percentile)
Last 5 Years -38% Rank: 355 of 381 (6th Percentile)
Last 10 Years . . . . . . . . . . . . 8% Rank: 285 of 381 (25th Percentile)
Last 20 Years 85% Rank: 150 of 368 (59th Percentile)
Decline From All Time High 42.12%
Home Price appreciation rates for Phoenix-Mesa-Glendale, AZ are shown
above for five time periods. For example: Phoenix appreciated 3.94% in the
Last Quarter. At that rate, the Phoenix Real Estate Market was ranked 4th out
of 381 metropolitan areas for Real Estate Appreciation. Phoenix was in the 99th
percentile. So Phoenix, AZ performed better in the Last Quarter than 99% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Phoenix, Arizona
The data and analysis on this page pertains to Phoenix-Mesa-Glendale, AZ,
hereinafter referred to as "Phoenix". The all time high in the Phoenix Home
Price Index was 293.6 in the 4th Quarter, of 2006. The 4th Quarter, 2012 index
value was 170.0. That's a decline of 123.69 points or 42.12% below the
Phoenix Home Price Index all time high. The Home Price Index indicates that
the Phoenix Market is up 8% over the last 10 years. Home prices in the Phoenix
Real Estate Market have gained 12.05% over the last 12 months. Over the last
thirty years, it is up 121%.
The 4th Quarter index value was 6.44 points higher than the 3rd Quarter, 2012
index value of 163.51, resulting in a 3.94% rise in the 4th Quarter for the
Phoenix Market.
The Phoenix Home Price Index has increased for the last 6 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 consecutive quarters.
The current record holder for consecutive declines in the Home Price Index is
Tallahassee, FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Phoenix Real Estate Market
was 41% in the twelve months ended with the 4th Quarter of 2005. The worst
annual home appreciation rate in the Phoenix Market was -22% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Phoenix Real Estate Market over a three
year period was 80% in the three years ended with the 2nd Quarter of 2006.
The worst home appreciation over a three year period in the Phoenix Market
was -42% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Phoenix Home Price Index (above).
For information about Arizona home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Arizona.
Another link opens the home price index chart for Arizona. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Phoenix Home
Prices will be at your fingertips when you need them.
Historical data on the Phoenix Home Price Index is available back to the 2nd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Phoenix Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.
Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Phoenix Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.
Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2012 Housing Data: Phoenix, Arizona
The appreciation of Phoenix Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Phoenix-Mesa-Glendale, AZ, hereinafter referred to as "Phoenix".
Last Quarter:
During the 4th Quarter of 2012, Phoenix Home Prices had a rank of 4, with
appreciation of 3.94%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Phoenix Home Prices had a rank of 2, with
appreciation during the year of 12.05%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Phoenix Home Prices
ranked 355, with a total appreciation of -38.4%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Phoenix Home Prices
had a rank of 285, with appreciation during the decade of 8%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Phoenix Home Prices
had a rank of 150, with total appreciation over the 20 year period of 85%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Phoenix Real Estate
Market is available back to the 2nd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Phoenix. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 Housing Statistics: Phoenix, Arizona
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 83%
Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Phoenix housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Phoenix is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Phoenix is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2013 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Phoenix Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 79%
The forecast for the trend in the Phoenix housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Phoenix is 79%. In other words, when tested against historical data, the
forecasting methodology was correct 79% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Phoenix is 79% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Phoenix Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Phoenix, Arizona
Historical Home Price Appreciation
Last Quarter 3.94%
Last Year 12.1%
Last 5 Years -38%
Last 10 Years 8%
Last 20 Years 85%
Decline From All Time High 42.12%
Annual Home Price Appreciation Rates
1983 0.87%
1984 6.79%
1985 5.85%
1986 3.91%
1987 -0.31%
1988 0.89%
1989 -1.34%
1990 -4.29%
1991 5.03%
1992 1.36%
1993 2.63%
1994 4.98%
1995 5.98%
1996 5.06%
1997 5.71%
1998 5.71%
1999 6.47%
2000 6.90%
2001 6.34%
2002 5.14%
2003 6.34%
2004 16.02%
2005 40.90%
2006 7.70%
2007 -6.10%
2008 -22.34%
2009 -16.63%
2010 -8.91%
2011 -6.74%
2012 12.05%
Real Estate Appreciation, Rank & Percentile
Last Quarter 3.94% Rank: 4 of 381 (99th Percentile)
Last Year . . . . . . . . . . . . . . . . 12.1% Rank: 2 of 381 (99th Percentile)
Last 5 Years -38% Rank: 355 of 381 (6th Percentile)
Last 10 Years . . . . . . . . . . . . 8% Rank: 285 of 381 (25th Percentile)
Last 20 Years 85% Rank: 150 of 368 (59th Percentile)
Decline From All Time High 42.12%
Home Price appreciation rates for Phoenix-Mesa-Glendale, AZ are shown
above for five time periods. For example: Phoenix appreciated 3.94% in the
Last Quarter. At that rate, the Phoenix Real Estate Market was ranked 4th out
of 381 metropolitan areas for Real Estate Appreciation. Phoenix was in the 99th
percentile. So Phoenix, AZ performed better in the Last Quarter than 99% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Phoenix, Arizona
The data and analysis on this page pertains to Phoenix-Mesa-Glendale, AZ,
hereinafter referred to as "Phoenix". The all time high in the Phoenix Home
Price Index was 293.6 in the 4th Quarter, of 2006. The 4th Quarter, 2012 index
value was 170.0. That's a decline of 123.69 points or 42.12% below the
Phoenix Home Price Index all time high. The Home Price Index indicates that
the Phoenix Market is up 8% over the last 10 years. Home prices in the Phoenix
Real Estate Market have gained 12.05% over the last 12 months. Over the last
thirty years, it is up 121%.
The 4th Quarter index value was 6.44 points higher than the 3rd Quarter, 2012
index value of 163.51, resulting in a 3.94% rise in the 4th Quarter for the
Phoenix Market.
The Phoenix Home Price Index has increased for the last 6 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 consecutive quarters.
The current record holder for consecutive declines in the Home Price Index is
Tallahassee, FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Phoenix Real Estate Market
was 41% in the twelve months ended with the 4th Quarter of 2005. The worst
annual home appreciation rate in the Phoenix Market was -22% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Phoenix Real Estate Market over a three
year period was 80% in the three years ended with the 2nd Quarter of 2006.
The worst home appreciation over a three year period in the Phoenix Market
was -42% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Phoenix Home Price Index (above).
For information about Arizona home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Arizona.
Another link opens the home price index chart for Arizona. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Phoenix Home
Prices will be at your fingertips when you need them.
Historical data on the Phoenix Home Price Index is available back to the 2nd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Phoenix Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.
Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Phoenix Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.
Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2012 Housing Data: Phoenix, Arizona
The appreciation of Phoenix Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Phoenix-Mesa-Glendale, AZ, hereinafter referred to as "Phoenix".
Last Quarter:
During the 4th Quarter of 2012, Phoenix Home Prices had a rank of 4, with
appreciation of 3.94%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Phoenix Home Prices had a rank of 2, with
appreciation during the year of 12.05%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Phoenix Home Prices
ranked 355, with a total appreciation of -38.4%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Phoenix Home Prices
had a rank of 285, with appreciation during the decade of 8%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Phoenix Home Prices
had a rank of 150, with total appreciation over the 20 year period of 85%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Phoenix Real Estate
Market is available back to the 2nd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Phoenix. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
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